Although here in the U.S. we are just beginning to feel the squeeze of isolation, quarantine, and the resulting effects on the economy as a means to control the coronavirus, there will (eventually) be an end in sight. One of the few bright spots we have is the ability to learn from other countries’ experience (e.g. China, Italy, South Korea) who are a few weeks ahead of us in coping with it.
This recent HBR article is illuminating, in which the authors state that “China appears to be in the early stages of an economic rebound, according to our analysis of high-frequency data on proxies for the movement of people and goods, production, and confidence. While this recovery could be vulnerable if a new wave of local infections were to emerge, many Chinese companies have already moved beyond crisis response to recovery and post-recovery planning.”
This article provides an executive summary of “12 early lessons for leaders elsewhere.” Check out “How Chinese Companies have responded to Coronavirus.”
Wuhan medical workers remove masks, signifying that the worst is over.